Using iDEAL as a Casino Payment Method
What is iDEAL?
Individuals and customers using the web to shop for products and services and transactions are often faced long-winded rules and procedures. The result is a complicated process of payment and acceptance of payments, leading to diminished customer satisfaction. This led to the development of stress-free and convenient payment solutions like iDEAL, an e-commerce payment arrangement system currently popular in the Netherlands and other parts of Europe. Available since 2005, iDEAL allows its members to purchase products and services online through a direct online transfer, using their specified bank. Although credit and debit cards are the popular modes used in other parts of the world, iDEAL dominates online payment in the Netherlands. This payment arrangement and system covers 54 percent of the market for online payment, and it has processed 4.5 million fund transfers in 2006. The company’s arrangement for its customers and member is simple- taps into the online banking facility of the preferred bank. Currently, iDEAL has maintained partnerships with ABN AMRO, Friesland Bank, SNS Bank, ASN Bank, Triodos Bank, RegioBank and Van Lanschot. These banks dominate the Netherlands’ banking industry, allowing iDEAL to dominate the online payment market.
iDEAL is owned by Currence, a Dutch company that also owns and operates Chipknip and PIN. It is part of the company’s responsibilities to coordinate payment, and facilitate cooperation among payment platforms and providers, while maintaining transparency and security. The result is a trade agreement that facilitates online payments, and controlling the industry in the Netherlands.
iDEAL not only covers more than half the online payments in the Netherlands, it also facilitates the payments made by customers in different parts of the world. This payment facility is traditionally seen and accepted in many online casinos and gaming sites, and also facilitates payments for traditional e-commerce transactions. To use the iDEAL platform, a customer must first confirm the presence of the iDEAL logo in the payment instructions or the homepage. Once the logo has been confirmed, payments can be coursed through the iDEAL system. Under this platform, a customer will simply tap the online banking facility of one of the member banks.
To make a payment, a customer must first select iDEAL as the payment option, and a bank must be selected. The system will then forward the customer to the online banking facility of its preferred bank, where he will be prompted to log-in. The payment details will be shown on a window, and the customer will have to approve the payment. Once an approval has been made, the bank will then display a confirmation. The customer will then return to the shop or website.
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Using iDEAL in the Virtual World
The people behind iDEAL understands that shopping and online transactions are now part of everyone’s lifestyle. With this in mind, iDEAL is presented as a reliable platform where the payments can be processed in a secure manner. This platform is simply based on the concept of online banking, and taps into the security techniques of the preferred bank. It means that customers can count on the same security measures implemented by the bank, thus transactions are protected. When making payments online, customers can choose from among the leading banks in the Netherlands. Some of the banks and financial institutions that work with iDEAL are ABN AMRO, ASN Bank, ING, Knab, Rabobank, SNS Bank and Triodos Bank.
Using iDEAL for Gaming and Online Casino
Top casinos and gaming sites accept iDEAL as one of their preferred payment options. The platform allows players to transfer cash from a Dutch bank or financial institution to a casino. Just look for the iDEAL badge in the casino before attempting to play or fund the account. Also, it’s best to read the Terms & Conditions to discover the limits and processing times. Find an online casino allowing you to deposit via iDEAL, today!
Funding Your Player’s Account with iDEAL
This can be done by creating an account. Once an iDEAL account has been created, a customer can visit the casino cashier, and authorize a real-money transaction by choosing iDEAL from the list of options. The player simply chooses the amount for transfer. The same process applies to withdrawals, and these are subject to standard casino checks and limits.
Cashing Out with Your iDEAL Account
The same process applies to withdrawals, and these are subject to standard casino checks and limits. In most cases, iDEAL will not charge fees, and if fees are charged, these are minimal, depending on the casino.
iDEAL Pros and Cons
Currently, iDEAL accepts Euros for online payment and transactions, and primarily works and partners with Netherlands-based banks. A potential problem with iDEAL is that the payments that are processed using the platform may not be reversed, which can be inconvenient to the customer. For example, if the store failed to deliver the goods or services. If the customer thinks that he was subjected to fraud, the best course of action is to refer the case to the bank. This is the reason why iDEAL highly recommends customer education when it comes to using the platform and in purchasing products and services online.
Today, iDEAL is the choice payment platform in Netherlands, and growing in use in other parts of the world, particularly in casino and gaming segments. It offers a quick and easy way to transfer money, and using the same protective measures used by participating banks.
Find an online casino allowing you to deposit via iDEAL by using our excellent filtering and sorting system here at HitCasinoBonus.
Read our guides on all other most commonly used casino payment methods. We’ve gone through their requirements on deposits and withdraws, how to best make use of them, and their pros and cons; choose your guide below and become a better player, today!